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Discussion and Debate
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Politics
American Politics
Inequality: Should the government be concerned about it?
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<blockquote data-quote="ThatRobGuy" data-source="post: 66888799" data-attributes="member: 123415"><p>Sorry, not familiar with the term flapdoodle...I can only assume it's a different way of saying "bull poo".</p><p></p><p>I did see the previous post, however, your only solution is to fix the artificially created inequality between business sizes was to adjust taxes. Are you suggesting lowering the taxes for small business?, or raising the taxes on large businesses?</p><p></p><p>There was a great quote:</p><p>"The issue with trying to solve problems by raising taxes is that you eventually run out of other peoples' money"</p><p></p><p></p><p>I saw this bit in one of your replies to someone else...</p><p></p><p></p><p>I've covered this in other threads, but the supposed "surplus" during that era wasn't a true surplus. It was just a surplus in terms of what congress set as the budget.</p><p></p><p>Example, if you have $10 in revenue and congress says you spend $15, spending $12 is a "$3 surplus" in terms of the budget they laid out, however, in terms of reality, it's a $2 deficit.</p><p></p><p>In real numbers provided by the US treasury</p><p></p><p></p><p>Fiscal</p><p>Year </p><p>Ending National Debt Deficit</p><p>FY1993 09/30/1993 $4.411488 trillion </p><p>FY1994 09/30/1994 $4.692749 trillion $281.26 billion</p><p>FY1995 09/29/1995 $4.973982 trillion $281.23 billion</p><p>FY1996 09/30/1996 $5.224810 trillion $250.83 billion</p><p>FY1997 09/30/1997 $5.413146 trillion $188.34 billion</p><p>FY1998 09/30/1998 $5.526193 trillion $113.05 billion</p><p>FY1999 09/30/1999 $5.656270 trillion $130.08 billion</p></blockquote><p></p>
[QUOTE="ThatRobGuy, post: 66888799, member: 123415"] Sorry, not familiar with the term flapdoodle...I can only assume it's a different way of saying "bull poo". I did see the previous post, however, your only solution is to fix the artificially created inequality between business sizes was to adjust taxes. Are you suggesting lowering the taxes for small business?, or raising the taxes on large businesses? There was a great quote: "The issue with trying to solve problems by raising taxes is that you eventually run out of other peoples' money" I saw this bit in one of your replies to someone else... I've covered this in other threads, but the supposed "surplus" during that era wasn't a true surplus. It was just a surplus in terms of what congress set as the budget. Example, if you have $10 in revenue and congress says you spend $15, spending $12 is a "$3 surplus" in terms of the budget they laid out, however, in terms of reality, it's a $2 deficit. In real numbers provided by the US treasury Fiscal Year Ending National Debt Deficit FY1993 09/30/1993 $4.411488 trillion FY1994 09/30/1994 $4.692749 trillion $281.26 billion FY1995 09/29/1995 $4.973982 trillion $281.23 billion FY1996 09/30/1996 $5.224810 trillion $250.83 billion FY1997 09/30/1997 $5.413146 trillion $188.34 billion FY1998 09/30/1998 $5.526193 trillion $113.05 billion FY1999 09/30/1999 $5.656270 trillion $130.08 billion [/QUOTE]
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